Germany has commissioned its gas market trading hub to buy natural liquid gas for 1.5 billion euros ($1.66 billion) outside Russia despite ...

Europe depends on Russia for about 40% of its natural gas, with most transported by pipeline. Rystad Energy estimates 52 billion cubic metres (bcm) of gas a year comes to Europe via Ukraine or nearby routes, while total Russian supplies to Europe are about 150 bcm to 190 bcm.

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